Max Estates Ltd's Q3FY25 Quarterly Results
- 08 Feb 2025
Result Summary
- Max Estates Ltd reported a 36.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 135.9%.
- Its expenses for the quarter were down by 4.7% QoQ and up 33.0% YoY.
- The net profit decreased 1246.4% QoQ and decreased 310.7% YoY.
- The earnings per share (EPS) of Max Estates Ltd stood at 1 during Q3FY25.
Financial Statments for Q3FY25
Total Income | 71.89 | 52.77 | 30.48 | 36.2% | 135.9% |
Total Expenses | 51.46 | 53.99 | 38.68 | -4.7% | 33.0% |
Profit Before Tax | 20.43 | -1.21 | -8.20 | -1788.4% | -349.1% |
Tax | 4.62 | 0.17 | -0.69 | 2617.6% | -769.6% |
Profit After Tax | 15.82 | -1.38 | -7.51 | -1246.4% | -310.7% |
Earnings Per Share | 1.00 | -0.10 | -0.50 | -1100.0% | -300.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Max Estates Ltd is a company whose primary focus is often associated with real estate development, including both residential and commercial projects. As a player in the real estate industry, the company might engage in developing, managing, and leasing properties. Major developments in this sector can include the launch of new projects or partnerships that expand the company's footprint in the market. However, specific details about recent developments or strategic directions for Max Estates Ltd are not available within the scope of the provided information.
Revenue
For the third quarter of the financial year 2025 (Q3FY25), Max Estates Ltd reported a total income of ₹71.89 crores. This represents a significant increase compared to the previous quarter (Q2FY25), where the total income was ₹52.77 crores, marking a quarter-over-quarter (QoQ) growth of 36.2%. On a year-over-year (YoY) basis, there is a substantial increase from ₹30.48 crores reported in Q3FY24, equating to a growth rate of 135.9%. This marked increase in total income suggests a notable improvement in the company's revenue-generating activities compared to the previous periods.
Profitability
In Q3FY25, Max Estates Ltd achieved a Profit Before Tax (PBT) of ₹20.43 crores, a significant turnaround from the previous quarter's loss of ₹1.21 crores and an improvement over the Q3FY24 loss of ₹8.20 crores. This results in a QoQ change of -1788.4% and a YoY change of -349.1%. The company's Profit After Tax (PAT) for Q3FY25 was ₹15.82 crores, a recovery from the loss of ₹1.38 crores in Q2FY25 and a substantial improvement from the loss of ₹7.51 crores in Q3FY24, with QoQ and YoY changes of -1246.4% and -310.7%, respectively. Earnings Per Share (EPS) also reflected this positive trend, increasing to ₹1.00 from a negative ₹0.10 in Q2FY25 and a negative ₹0.50 in Q3FY24, with corresponding changes of -1100.0% QoQ and -300.0% YoY.
Operating Metrics
Total expenses for Max Estates Ltd in Q3FY25 were reported at ₹51.46 crores, which is a decrease compared to ₹53.99 crores in Q2FY25, reflecting a QoQ reduction of 4.7%. However, when compared to Q3FY24, there is a YoY increase of 33.0%, from ₹38.68 crores. The tax expense for Q3FY25 was ₹4.62 crores, a notable increase from ₹0.17 crores in Q2FY25 and a reversal from a tax benefit of ₹0.69 crores in Q3FY24, with QoQ and YoY changes of 2617.6% and -769.6%, respectively. These operating metrics highlight significant changes in the company's cost structure and tax liabilities over the observed periods.